Will global growth be above the IMF forecast of 2.7% in 2023?
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predicted YES

Extending until data released.

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According to the IMF, the global growth is expected to be 3% in 2023 and 2.9% in 2024.

The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000โ€“19) average of 3.8 percent. ("World Economic Outlook, October 2023," n.d.). The global growth forecast has increased up to 3% which is greater than the forecast as of december 2022 when this question was created. Despite the slow of of the growth from 3.5% in 2022, it is still higher than the forecast.

Reference

International Monetary Fund. (2023). World Economic Outlook, October 2023. Retrieved from https://www.imf.org/en/Publications/WEO/Issues/2023/10/10/world-economic-outlook-october-2023

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According to the International Monetary Fund (IMF), the global growth rate is expected to be 3.0% in 2023. This forecast is lower than the historical average of 3.8%.

The World Economic Outlook report by the IMF staff, published twice a year, presents IMF staff economists' analyses of global economic developments during the near and medium term. It gives an overview as well as a more detailed analysis of the world economy, considers issues affecting industrial countries, developing countries, and economies in transition to market and addresses topics of pressing current interest. The latest report, published in October 2023, is titled Navigating Global Divergences and reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. The citations below indicate slow growth but not below 3%.

Sources:

(1) World Economic Outlook - IMF. https://www.imf.org/en/Publications/WEO.

(2) IMF head expects less than 3% global economic growth in 2023. https://apnews.com/article/imf-world-bank-interest-rates-fiscal-policy-1f3ad9e4bf87b3e95db84ba7c49b959f.

(3) Inflation Peaking amid Low Growth - IMF. https://www.imf.org/en/Publications/WEO/Issues/2023/01/31/world-economic-outlook-update-january-2023.

(4) World Economic Outlook Update, July 2023: Near-Term Resilience ... - IMF. https://www.imf.org/en/Publications/WEO/Issues/2023/07/10/world-economic-outlook-update-july-2023.

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